This is a copy of the three-part report, "The Art of the Gouge: How NYU squeezes billions from our students— and where that money goes", produced by the New York University (NYU) Faculty Against the Sexton Plan (FASP). It was published in May of 2015 on the FASP web site here:
http://nyufasp.com/- Part 1 is titled "The Big Squeeze: NYU’s relentless cash extraction"
- Part 2 is titled "Billions spent on real estate while students sleep on benches"
- Part 3 is titled "Millions spent on NYU execs while students scrounge for food"
The report ends with a short "Conclusion: What NYU owes our students (and their families)":
"In light of NYU's astonishing financial practices, we hope that you will join us in demanding that the Board give comprehensive and specific public answers to these questions:
- How much does the Board pay NYU's administration altogether, and how much has that sum increased since 2002?
- How many administrators are there, and what are their respective titles and responsibilities?
- How much does NYU spend on advertising, PR, lobbying, legal fees, management consultants and recruitment practices abroad, and how much has the total sum increased since 2002?
- What buildings does NYU own, rent or control throughout New York City, the US and abroad? Of those NYU owns, what did they cost, and how much has NYU spent on renovations?
We believe the Board is obligated to provide this information, because of NYU's non-profit status, and as a consumer service to our students and their families, who have given NYU so much, with no idea where all that money goes."